Category: Latest Stories

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InfrastructureLatest Stories

Land Use Survey Delays Nagpur Development Plan Progress

NAGPUR: The long-delayed development plan (DP) for Nagpur has encountered yet another challenge, with the Existing Land Use (ELU) survey yet to be completed in over half of the newly designated municipal areas. Out of 57 mauzas involved, the town planning department of the Nagpur Municipal Corporation (NMC) has only finalized ELUs for 25 mauzas, leaving 32 still incomplete, well past the previous deadline. Civic officials indicate that the delay is largely due to difficulties in acquiring and reconciling land-use data from the Nagpur Improvement Trust (NIT), responsible for the city’s previous development plan. Sources within the NMC mentioned that…

InfrastructureLatest Stories

Sector 22-B Building in Chandigarh Declared Unsafe

CHANDIGARH: The fire and emergency services department has submitted a comprehensive report on the significant fire that erupted in a commercial building located in Sector 22-B on Wednesday afternoon. The report concludes that the top floor has suffered considerable cracking and is unsafe for any use. Damage to the building is extensive, with a short circuit identified as the likely cause of the fire, which took nearly four hours to extinguish. The report reveals that the upper floor of the two-storey structure has developed serious cracks due to the intense heat from the fire. This damage is severe enough to…

Latest StoriesRegulatory

Telangana High Court Halts Acquisition of Jubilee Hills Properties

HYDERABAD: The Telangana High Court has recently stayed the acquisition and dispossession proceedings concerning four properties, totaling 5,186.14 square yards, owned by private individuals on Road No. 45, Jubilee Hills. The Greater Hyderabad Municipal Corporation (GHMC) had issued notices to the property owners under Section 21 of the GHMC Act, initiating the acquisition process for a proposed 120-ft road extending from Road No. 45 T-Junction to Durgam Cheruvu. Justice NV Shravan Kumar, in an order dated March 17, stated: “A stay is in effect for all further proceedings regarding the issuance of notice under Section 21 of the Act, particularly…

InfrastructureLatest Stories

Telangana Launches Bharat Future City for 30 Lakh Residents

HYDERABAD: The Telangana government has announced plans for Bharat Future City, which will span 30,000 acres and is expected to house approximately 2.5 to 3 million residents. The government is preparing a comprehensive master plan for the project. For the first time, these plans were officially disclosed in the socio-economic survey for 2026. The proposed plan includes a central business district (CBD) with four catalytic zones: an AI city covering 300 acres, a healthcare city across 200 acres, an education hub over 500 acres, and a life sciences center encompassing roughly 3,000 acres, all equipped with district cooling systems and…

Latest StoriesRegulatory

Pune: PMC Acts on 4,000 Bounced Cheque Cases for Property Tax

PUNE: The Property Tax Department of Pune Municipal Corporation (PMC) has issued a warning to property owners regarding strict legal consequences for dishonoured tax payment cheques, as the number of such cases has been rising. Civic officials reported that over 4,200 cheque bounce instances have been recorded this financial year. Following persistent follow-ups, about 3,600 owners have settled their payments. Now, the civic body plans to take legal action against the remaining 600 defaulters under the Negotiable Instruments Act, 1881, which governs cheque dishonour offences. Ravi Pawar, head of the PMC’s Property Tax Department, stated that despite numerous reminders, some…

Latest StoriesRegulatory

Goa Commission Tells Dimension Builders to Create Flat Owners’ Society

PANAJI: The North Goa District Consumer Dispute Redressal Commission has directed a builder to establish a society or association of flat owners within three months for managing the property. Should the builder fail to meet this deadline, flat owners may independently create the society. This ruling followed a complaint from A M Ashwinkumar, a Carambolim resident who purchased two single-bedroom flats on the first floor of Dimension Residency from Dimension Builders in 2010 for his elderly parents. Ashwinkumar reported that upon moving in during June 2012, he discovered issues with the bathroom tiles, which were not properly fitted or aligned.…

IndustryLatest Stories

Is Hyderabad’s ‘Far West’ Growth Sustainable?

Representative AI image HYDERABAD: Just a few minutes off the eight-lane Outer Ring Road (ORR) at Exit 2, the scene shifts markedly in Greater Hyderabad. The skyline flattens, roads narrow and become dusty, lighting is sparse, and shops are few and far between. However, there’s no shortage of billboards advertising new residential projects, ongoing constructions, and local property broker offices. These promotional materials come with enticing offers: “Pay nothing until completion,” “20% now, 20% annually,” and “Zero GST.” As you drive from Kollur towards Patancheru, pass through Mokila (northwest) and Tellapur (southwest), the landscape remains virtually unchanged. This area is…

Latest StoriesRegulatory

Bombay HC Overturns DRT Stay on Bank-Auctioned Flat Sale

MUMBAI: The Bombay High Court recently overturned a Debt Recovery Tribunal (DRT) order that halted further post-sale actions regarding a bank’s auction of a flat in South Mumbai. The Court noted a “disturbing trend” where borrowers and “chronic defaulters” often act passively while banks pursue recovery. These defaulters typically invoke “collusive proceedings” under insolvency laws only when it’s time for auction purchasers to take physical possession of the property. In a ruling dated March 18, Justices Manish Pitale and Shreeram Shirsat expressed concern over the misuse of the Insolvency and Bankruptcy Code (IBC). They pointed out that borrowers often claim…

IndustryLatest Stories

Manufacturing Demand Spurs Development of Industrial Townships

Property developers are increasingly focusing on integrated industrial townships to leverage the government’s goal of boosting manufacturing’s share to 25% of GDP by 2035. Experts suggest this shift will enhance demand for industrial plots as a viable investment option. Major developers like M3M, Signature Global, Reliance, and LML Realty are actively creating industrial townships in the NCR. In the southern region, Brigade Group has launched Brigade Industrial Park, a 25-acre project in Devanahalli, North Bengaluru, as part of its expansion into industrial real estate. “Much of the activity is concentrated in a few locations where infrastructure, connectivity, and execution align…

IndustryLatest Stories

ED Flags Indian Credit Card Transactions for Dubai Real Estate

MUMBAI: As rain dampens Dubai, the property market faces stress, prompting Indian buyers who used credit cards for their purchases in Dubai to receive notices from the Enforcement Directorate (ED). These buyers often used international credit cards (ICCs) during their visits to the Emirates for initial deposits or clicked on developer-sent payment links, likely unaware that they were violating Indian laws. Sources indicate that at least three individuals received notices from the ED in February, inquiring about the source of their funds for these transactions. Credit card transactions are treated as short-term loans, and foreign exchange regulations restrict individuals from…